An error occured when trying to show the publication. Please check if JavaScript is enabled or try to update your browser.

Moncler Group | Annual Report 2024 Separate Financial Statements 432  | 

Trade payables and other current

and non-current payables

Trade and other payables arise when the Company acquires

money, goods or services directly from a supplier. They are

included in current liabilities, except for items with maturity

dates

greater than twelve months after the reporting date.

Pay

ables are stated, at initial recognition, at fair value, which

usually comprises the cost of the transaction, inclusive of

transaction costs. Subsequently, they are stated at amortised

cost using the ef fective interest method.

Financial liabilities

The classif ication of f inancial liabilities has not changed since

the introduction of IFRS 9. Amounts due to banks and

other lenders are initially recognised at fair value, net of directly

attributable incidental costs, and are subsequently measured

at

amortised cost, applying the ef fective interest rate method.

I

f there is a change in the expected cash f lows, the value

of the liabilities is recalculated to ref lect this change on the basis

o

f the present value of the new expected cash f lows and

the internal rate of return initially determined. Amounts due

to banks and other lenders are classif ied as current liabilities,

u

nless the Company has an unconditional right to defer their

payment for at least 12 months after the reference date. Loans are

classif ied as non-current when the company has an unconditional

right to defer payments for at least twelve months from

the reporting date.

Derivative instruments

Consistent with the provisions of IFRS 9, derivative f inancial

instruments may be accounted for using hedge accounting

only when:

•the hedged items and the hedging instruments meet

the eligibility requirements;

•at the beginning of the hedging relationship, there

is a formal designation and documentation of the hedging

relationship of the Companys risk management objectives

and the hedging strategy

the hedging relationship meets all of the following

ef fectiveness requirements i there is an economic

relationship between the hedged item and the hedging

instrument ii the ef fect of credit risk is not dominant

with respect to the changes associated with the hedged

risk iii the hedge ratio def ined in the hedging relationship

is met including through rebalancing actions and is

consistent with the risk management strategy adopted

by the Company

Fair value hedge

A derivative instrument is designated as fair value hedge when

it hedges the exposure to changes in fair value of a recognised asset

or liability, that is attributable to a particular risk and could

af fect prof it or loss. The gain or loss on the hedged item, attributable

t

o the hedged risk, adjusts the carrying amount of the hedged

i

tem

and is recognised in the consolidated income statement.

Cash f low hedge

When a derivative f inancial instrument is designated as a hedging

instrument for exposure to variability in cash f lows, the ef fective

portion of changes in fair value of the derivative f inancial

instrument is recognised among the other components

of the comprehensive income statement and stated in the cash

f low hedge reserve. The ef fective portion of changes in fair value

of the derivative f inancial instrument that is recognised

in the other components of the comprehensive income statement

is limited to the cumulative change in the fair value of the hedged

instrument (at present value) since the inception of the hedge.

The inef fective portion of changes in fair value of the derivative

f inancial instrument is recognised immediately in the prof it/(loss)

for the period.

If the hedge ceases to meet the eligibility criteria or the hedging

instrument is sold, matures or is exercised, hedge accounting

ceases prospectively. When hedge accounting for cash f low hedges

ceases, the accrued amount in the cash f low hedge reserve

remains in equity until, in the case of a hedge of a transaction that

results in the recognition of a non-f inancial asset or non-f inancial

liability, it is included in the cost of the non-f inancial asset or non-

f inancial liability on initial recognition or, in the case of other

cash f low hedges, it is reclassif ied in prof it or loss for the period

in the same period or periods in which the hedged expected future

cash f lows af fects prof it/(loss) for the period.

If no more hedged future cash f lows are expected, the amount

shall be reclassif ied immediately from the cash f low hedge reserve

and the reserve for hedging costs to prof it/(loss) for the period.

If hedge accounting cannot be applied gains or losses

arising from the fair value measurement of a derivative f inancial

instrument are immediately recognised in income statement

28 Employee benef its

Shortterm employee benef its such as wages salaries social

security contributions paid leave and annual leave due within

twelve months of the statement of f inancial position date

and all other fringe benef its are recognised in the year in which

the service is rendered by the employee

Ben

ef its granted to employees which are payable on or after

t

he termination of employment through def ined benef it

and contribution plans are recognised over the vesting period

’.

’’

.

.

,

()

-

.

,

.

.

-

(“”)..

(“”)

,.

,

,-

.

.

.-

.

,,

.

-

.

.

.

,

.

.

.

-,

(

/),

().

.

.

.

Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024
Powered by Fluidbook